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Realities of Forex Investment
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hisah
#1241 Posted : Monday, August 29, 2011 7:26:28 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDJPY - The trap for yen longs has been laid - https://mninews.deutsche...new-tools-cope-high-yen

Meanwhile USDCNY set at record high by PBOC - 6.3883.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, August 29, 2011 7:31 AM | Reason: Not specified
Ceinz
#1242 Posted : Monday, August 29, 2011 8:59:46 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
USDJPY - The trap for yen longs has been laid - https://mninews.deutsche...new-tools-cope-high-yen

Meanwhile USDCNY set at record high by PBOC - 6.3883.


Im with you on this one. This is a trap. An intervention is imminent.
“small step for man”
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Ceinz
#1243 Posted : Monday, August 29, 2011 11:22:12 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility

Currency Intervention not Working? Time for a New Approach!

http:....html
“small step for man”
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hisah
#1244 Posted : Wednesday, August 31, 2011 6:29:18 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
AUDUSD & NZDUSD have retraced nicely smile Waiting to see them hit 76-78% retracement before shorting. If bernanke fires the printers for QE3, shorting will be dangerous & I'll be forced to go long... Which means the same happens to USDSGD & USDZAR.

QE3 would also rocket oil & gold again & other commodities. This is a big headache for the money printers esp with food inflation & global civil unrest. A rock & a hard place this one...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#1245 Posted : Wednesday, August 31, 2011 6:59:53 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
No more zero calorie dollars please!! Just basics; to expand we have to contract (austerity).
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hisah
#1246 Posted : Friday, September 02, 2011 4:38:17 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
NFP disappoints and global stocks thus feel the cold. Euro equities have erased all week's gains and the US markets too look poised to end the week the same way.

Gold, despite the overstretched weekly technicals still wants to test $2000 before a meaningful correction ensues...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1247 Posted : Monday, September 05, 2011 7:30:42 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Anybody noticed the EURUSD has been in consolidation since May 2011 despite panic central. This sideways action has created a large triangle for months.
EURUSD has quietly fallen 400pips for the week since topping 1.45s. At the current spot 1.41 it is testing the lower triangle line.
When 1.4050 breaks down, the breakout plunge will be huge. Caution trading this pair until the triangle is resolved - up or down. This will comfirm if its time for euro bears or bulls to take control for the month.

Me thinks it'll be a sizable plunge from the EURCHF moves, down almost 600 pips for the week.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25081985
#1248 Posted : Monday, September 05, 2011 7:43:36 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
hisah wrote:
Anybody noticed the EURUSD has been in consolidation since May 2011 despite panic central. This sideways action has created a large triangle for months.
EURUSD has quietly fallen 400pips for the week since topping 1.45s. At the current spot 1.41 it is testing the lower triangle line.
When 1.4050 breaks down, the breakout plunge will be huge. Caution trading this pair until the triangle is resolved - up or down. This will comfirm if its time for euro bears or bulls to take control for the month.

Me thinks it'll be a sizable plunge from the EURCHF moves, down almost 600 pips for the week.


the move that will come from there will be huge ...bt there's some heavy support on 200 ma on weekly chart.
am still short with + 100 pips so far.target is at 200 ma on daily chart.
it seems we are going to have a slow monday today coz of bank holiday in US
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dave.kim
#1249 Posted : Tuesday, September 06, 2011 11:37:43 AM
Rank: Member

Joined: 6/25/2010
Posts: 176
http://www.dailyfx.com/real_time_news/
SNB sets minimum exchange rate at 1.20 EURO and result was 1000+ pip rally within minutes!!!
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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  | | Edit by user: Tuesday, September 06, 2011 11:40 AM | Reason: Not specified
QW25081985
#1250 Posted : Tuesday, September 06, 2011 1:36:10 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Gbp/chf . wow !!!!! 1200 pips . damn !!!!!!!!!!!!
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